America Movil Q4 revenues drop 0.7% to MXN262bn

13 Feb 2019

Carlos Slim-backed America Movil (AM) has reported revenues of MXN262.0 billion (USD13.6 billion) for the three months ended 31 December 2018, representing a decrease of 0.7% year-on-year. Adjusted EBITDA for Q4 edged up 0.1% to MXN70.6 billion, while the company’s fourth quarter net income reached MXN9.5 billion compared to a net loss of MXN10.6 billion in the last three months of 2017.

In operational terms, AM closed out December 2018 with a consolidated wireless user base of 275.798 million subscribers, down 1.2% from 279.369 million one year earlier. Mexico remains the company’s largest single market in terms of cellular connections, with 75.448 million customers, followed by Brazil with 56.416 million. Meanwhile, AM’s total number of fixed line revenue generating units (RGUs, including wireline, broadband and pay-TV) grew 1.5% y-o-y, to 84.120 million in 2018. Brazil accounted for the lion’s share of these, with 35.285 fixed RGUs as of end-2018.

Mexico, America Movil (AM)